Middle East investors have acquired an office building in the Birmingham's Colmore Business District.
Qatar-based property investor Alduwaliya Asset Management has bought One Eleven Edmund Street in a £22.5 million deal.
The 44,769 sq ft premises is let to law firm Gateley on a 15-year lease at an annual rent of £1.2 million.
READ MORE: {}
Part of the former Ear, Nose and Throat Hospital, the Grade II-listed building comprises six floors of grade A office space with roof terraces to the fifth and sixth floor and 21 underground parking spaces.
The acquisition is the first 海角视频 purchase for Alduwaliya outside London.
The Birmingham office of property consultancy Knight Frank advised the purchaser and CBRE acted for the seller Hines.